CONSOLIDATION Definition

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CONSOLIDATION is similar to refinancing, but there is no loan fee. It simplifies loan repayment by combining several types of federal education loans into one new loan. (In the case of Direct Loan consolidation, the interest rate may be lower than one or more of the underlying loans.).

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EQUITY CAPITAL is a form of financing where equity in a business is sold to private investors.

ABNORMAL ITEMS see EXTRAORDINARY ITEMS.

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